donderdag 4 januari 2018

Thal... Holdings buybacks best scenario

Eerste vraag is hoeveel warrants zijn er? Warrants give people the right, but not the obligation, to buy shares at a certain price before expiration. I don't know if there are more warrants and what the price is at which shares can be bought.

13 september 2017: 500 000 warrants used to buy new Thal. shares. So there were 500 000 more shares after this day, than before. I don't know what the people paid for these shares.
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The longer the share price of Thala... Holdings stays low, the more positive it is for longterm shareholders due to current and possible future buybacks.

The company has sold WG P its main company. At 20,6 million shares outstanding, this would be the situation:

Net cash $21,3m
Shares in The Local Shopping REIT $9,3m (at cost)
Autonomous Robotics Limited $8m (at valuation of current offer)
Other $0,7m
Total $39,3m
Per share: $1,91 book value per share or 1,41 GB Pounds